Inspire’s plans to go public, Burger King’s case for brand of the year, and Wendy’s worrisome woes

On this week’s Extra Serving, NRN editor in chief Sam Oches and executive editor Alicia Kelso discuss the latest restaurant industry news, including Inspire Brands’ plans to go public plus earnings results from 18 currently public restaurant companies. First up is the news that Inspire had filed documents with the SEC to go public — a move that Sam and Alicia have anticipated for a few years, yet nevertheless feels huge for a restaurant industry that has been fairly dormant as far as IPOs are concerned. The editors discuss what this means for Inspire and whether it could nudge other companies to jump into the public markets. Then they take a dive into the crazy spate of restaurant earnings, of which there were 18 over the course of the week. They start with the burger category, where McDonald’s, Burger King, and Shake Shack reported positive results, while Wendy’s continued a run of negative sales. How are McDonald’s and Burger King leveraging operations and marketing to build momentum, while Wendy’s keeps taking the hits? Sam and Alicia break it down. Next they move into the full-service sector, where it’s mostly good news, as Texas Roadhouse, BJ’s, and First Watch continue to thrive while Applebee’s and Bloomin’ Brands are showing signs of life. Why does casual dinging in particular seem to be succeeding in the midst of this economy? Sam and Alicia discuss. They then dig into other brands that reported this week, including Noodles & Co. and El Pollo Loco — both of which wowed with their results — plus Sweetgreen, which posted a staggering -12.8% sales drop the same week it introduced wraps to the menu. Finally, we share an interview between managing editor Leigh Anne Zinsmeister and Jeff’s Bagel Run cofounders Jeff and Danielle Perera, recorded live at Restaurant Leadership Conference.

For more on these stories:

Dunkin’ owner Inspire Brands files documents for an IPO

Burger King’s sales surge while Popeyes struggles

Texas Roadhouse sprints to best same-store sales since ’24